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Oltenia Energy Complex trades EUR 60 million worth energy in OPCOM

State-owned Oltenia Energy Complex plans to sell energy worth EUR 60.33 million on the energy trading body OPCOM, according to the company announcement.

2014-01-21 11:57:03

Today, the company scheduled 11 bids to sell 1.48 million MWh, a 2.5 percent of the overall energy production. The amount of energy will be delivered this year and the price for 1 MWh varies between 184 and 186 lei, depending on amount of the traded energy package.

Also, another state-owned company, Nuclearelectrica, plans to sell on Thursday this week, on OPCOM, within a sole bid, a stock of 1.67 million MWh, worth EUR 63 million. Oltenia Energy Complex established in 2002, by the merge of National Company of Lignite Oltenia and energy complexes Turceni, Rovinari and Craiova. The company owns 13 energy groups totaling an installed capacity of 3.900 MW. Romanian state owns 77 percent of Energy Complex Oltenia.


In the last quarter of last year, the GDP grew by 1.1 percent in real terms compared to the previous quarter. Moreover, Romania 2012 economy has grown by 0.7 percent in real terms since 2011, while the GDP was estimated at RON 587.499 billion, according to provisional data published in April by the INS. In the semi-annual report published in mid-April, World Economic Outlook, the International Monetary Fund estimated that Romanian GDP economy would grow 1.6 percent this year.



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